Importance of Human Resources Management
Unit-4 - Human Resources Management Introduction: I have been asked to choose a particular business, which assesses the management of a Human resources department. For this report, I have decided to choose Ford Motor Company. I will be looking at how Ford Motor Company looks at its employees and how it focuses on the four functions of this department, which are Human resource planning, Recruitment and selection, Training and development and Performance management. Methodology: This report discusses on how a company plans and carries out the Human Resources department therefore it would be better to carry out the Secondary research where the research is carried through different standards such as Internet where it will be useful to extract information about the functions of the Human resources in depth. It would be efficient enough to carry out the advertisements through the leaflets, newspapers, brochures etc. Primary research is the research that is original and is obtained manually involving range of methods, such as questionnaire and surveys. For Ford it is important that they find out the rate of high unemployment in a certain area. They can carry out this by creating surveys but it is not the Company's duty to find this particular information out they can obtain this information from the National Statistics Office (NSO) and they can use the information to carry
Ownership, Location and Aims and Objectives of Lex Transfleet and Express Diner
Sections A1, A2 & A3 Section A1 - Describing all four features for both businesses; Lex Transfleet and Express Diner Ownership of Lex Transfleet Lex Transfleet is a PLC (public limited company) which is hard to set up because of the paper work that needs to be done. They are owned by minimum of 2 people because but there is no maximum numbers of shareholders. Shareholders in Public limited companies have limited liability which is that they invest in capital and if they were in debt they only lose the amount of capital that they invested in to the business. For example a shareholder in Lex invests £50,000 and the business get indebt of 1 million pounds then they don't need to pay back the 1 million pounds, they just lose the £50,000 that they invested. The advantage of limited liability is that they do not need to pay the amount of debt because they just lose out what they invested. The advantages of a public limited company is that they have limited liability, the capital increases because public can buy shares and the shares increases in value if company is successful. The shareholders vote for who the directors are going to be and the directors in the business run the business and make all the major/minor decisions. The directors in the business are in charge on a day to day basis. For the business to grow they can advertise shares on the stock exchange and raise more
Is it a sound business decision to locate a Coffee Republic franchise in Finchley Central?
GCSE Business Studies Coursework Contents Page:- Is it a sound business decision to locate a Coffee Republic Franchise in Finchley Central? Aim:- The aim of my business studies coursework is to investigate whether locating a new Coffee Republic franchise in Finchley Central is a sound business decision or not. This term 'sound business decision' means decisions that are based on specific and current information which can take more than natural instinct. They have to have specific characteristics to determine whether the business can make a profit. A sound business decision is one that will: * Have a future * Make a profit * Be able to meet a need * Attract investment to the area * Generate positive cash flow * Offer a high rate of return * Fend off competitors * Be marketed feasibly Introduction:- The purpose of this coursework is to find out whether a Coffee Republic located in Finchley Central will be a good decision or not. This could be influenced by many aspects such as population, amount of disposable income etc. I will go into these in more detail further on into this coursework. Coffee Republic was formed in 1995 by Bobby and Sahar Hashemi, a brother and sister team. Since then, Coffee Republic has grown to be one of the best known and largest independent espresso bar brands in the UK, with bars all across the UK from Manchester to Brighton and
Tesco Research
TESCO PLC "Pile 'em High, Sell 'em Cheap" INTRODUCTION Tesco was founded by Jack Cohen in 1919s', after serving in the first World War, Jack Cohen used his savings and started selling groceries in London East End markets. Tesco was founded in 1924. The name was based on the initials of T E Stockwell, a partner in a firm of tea suppliers, and the first two letters of Cohen. In 1929, the first store was opened in Edgware, North London. The business prospered and in 1947; Tesco Stores Ltd was floated on the stock exchange. In 1956, the first self-service supermarket was opened. Jack Cohen passed away in 1979. Main activities. - Selling Grocery - Non-food products - Charity - Financial Services - Insurance Services - Telecom - Tesco.com Task 1(P1.M) Select information from a range of sources for a given purpose and explain way in which more accurate business information may be produced from raw data: The purpose of information to Tesco is identified as: - To monitor performance of the business. - To be able to know about their competitors activities. - To update knowledge in to future advancement and development. - For making decision. - Communicating sales promotions. - Inviting support for activities. - For consumer, suppliers, local community, government etc, in order to know more about the business. In case someone is willing to put any shares into the
n this unit, I will be investigating two businesses namely, Boots and Pwc and providing information about the Business as a whole
Contents Page Task One Task Two Task Three Task Four Bibliography Appendix Introduction In this unit, I will be investigating two businesses namely, Boots and Pwc and providing information about the Business as a whole. I will provide graphs and other source based information to show the things that are involved with both businesses. Task One .1 Boots is a public limited company which is well known for selling health and beauty products. This Company manufactures and supplies products for health care, dental care, baby care and many other major health accessories. As Boots offers many different services, there are various different departments within its stores. Take for instance, Boots Retail international; this department takes responsibility for internationalising the Boots retail brand: it consists of 28 stores in total, has employed 871 pharmacists and has an annual turnover of 15.8 whereas, Boots Opticians who are indeed one of the UK's largest chains of opticians has 298 stores, 4526 employees and has an annual turnover of 194.It is in general, very inviting and so, gets many customers to visit its stores. Boots in general, employ over 4,000 pharmacists and therefore, sells its products very fast in over 130 countries. I happened
Business studies-create your own business
. INTRODUCTION In this assignment I am to investigate whether it is possible to create a business and perform market research .My business will be a new Chinese restaurant, it will specialise in Chinese foods, it will offer eat in and take away services, which also includes delivery. I chose a Chinese restaurant as my market research showed most people would prefer a new Chinese restaurant. I think it will be successful, as most people wanted a Chinese restaurant; and there aren't many in the area, the area that I am going to locate in, is Hendon. I've done a sufficient amount of market research to find out what prices people would be willing to spend on a meal and where people would like it to be located. Anyone can use a restaurant, which means my target audience would be everyone. So I need to promote well so it's appealing to all sorts of people. The two types of business organisation types I could use are either a sole trader or partnership. A sole trader is a business, which is run and owned by one person, this person makes the decisions, invests and is fully responsible for the business. A sole trader has unlimited liability, which means if the business doesn't make profit and eventually goes bankrupt the owner is liable, meaning they could lose personal possessions in order to pay back the dept, this shows a sole trader
How can 'A's CD store' successfully promote its new retail outlet in Causeway Bay?
How can 'A's CD store' successfully promote its new retail outlet in Causeway Bay? Contents Introduction...................................................................................Pg 3 Business aims.................................................................................Pg 3 Sources of Information.................................................................Pg 4 Action plan....................................................................................Pg 6 What will influence the marketing decisions A's CD Store makes?....Pg 7 How an A's CD Store make use of the marketing mix?.......................Pg 8 What types of media are most suitable?...............................................Pg 9 Why is market research important for A's CD Store?..........................Pg 12 What secondary data will I use and why?...........................................Pg 12 Which methods of field research will I use and why?.........................Pg 12 An example of the customer survey questionnaire........................Pg 13 Analysis of data..........................................................................Pg 14 What other data would have been useful?........................................Pg 17 What other issues need to be considered before identifying possible
Functional Areas Report
Introduction In this report I will outline the work of the different functional areas at Tesco. To begin with I will explain the term 'functional area'. A functional area is a specific part of a business that deals with certain activities, roles and responsibilities within that company. For instance for Tesco, their functional area is that they (Tesco) are split up into departments to carry out a range of tasks or responsibilities to support their activities (business) for example Finance or Human Resources. The reason that this is a better term than the term 'department' is because in some businesses specific departments do not exist but there still has to be someone performing the function. An example of this is a small sole trader business. Small sole trader businesses do not have functional areas. This is because the owner of the business will be in charge of the business and will be responsible of everything, for instance they would be responsible for recruiting people to work in the business and therefore they would perform the function of Human Resources. They might also be responsible for producing the accounts of the company and therefore they would also be performing the function of finance. Tesco has many different functional areas, all of which are in charge of certain tasks or functions. The specific functions I will outline in this task are: * Human
Business Studies(Setting up your own business)
REPORT TO: Business Studies Department FROM: Bradley Jones DATE: 16/04/2008 SUBJECT: Setting up my own business This report is about setting up my own business in Werrington. I will be demonstrating my business studies knowledge throughout and applying this to setting up my Café business, "Brad's Café". I will collect research and show how this affects the development of a marketing strategy for my business. Section 1 - Introduction to my business .1 Type of business I would like to set up a café. This would be a successful business because it would give people of all ages a place to hang out relax, and sip a nice cup of coffee. It would also be successful because there is no immediate competition in the area, only in nearby towns such as Hanley or Bucknall. A final reason my business would be successful is because I would not only serve tea, coffee and hot chocolate. I would also have a selection of sandwiches, snacks such as chips, jacket potatoes and desserts such as dairy ice cream, tempting donuts or even delicious Belgian waffles. My business would help to support the local community because it would give them somewhere to sit in peace. It would also be a place where people could meet friends and catch up with old times or just have a random chat as good friends do. Another thing that I would do to help the community is give it disabled access and large
business ownership and location
Business ownership and location Introduction Ownership There are 6 different types of business ownerships. Each of the ownerships has different advantages and disadvantages to the owners. The type of ownership may change as a business grows and develops. The 6 different types of ownerships are: * Sole owner * Partnership * Public Limited Company (PLC) * Private Limited Company (LTD) * Franchise * Co operative Below is a table showing the strengths and weaknesses of the 6 focal business ownership. Ownership Advantages Disadvantages Sole Trader A sole trader is 1 person who runs the company and is liable of all the loss and profits. * Make all decisions. * Takes all the profits. * Flexibility. * Easy to set up. * Liable for all debts and loss. * No holidays & Long hours of work. * Limited access to money. * Pressure of being a single person. Partnership A partnership is a group of people usually 2-20 people maximum. Liable to all debts and debts are paid by all partners. * Access to more money. * Shared responsibility. * Easy to set up. * Unlimited liability. * Partnership dissolves after. Death of a partner. * Conflict could arise. * All partners are liable for debt and loss. Private Limited Company A form of business which is run within a family. Shares cannot be bought and sold on the stock exchange. * Decisions within the family * Limited
